Dubai Investment Fund diversifies its investments by betting on innovative technologies

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The Dubai Investment Fund (DIF), one of the world’s largest independent investment firms with over $320 billion in assets under management (AuM), is working to strengthen its position in the global market by diversifying its investments.

The financial world is looking beyond public hype and current tech darlings to focus on various business innovations and technologies that promise to solve problems, increase productivity, and create a sustainable future. In 2019, KPMG conducted a survey of innovation in the technology industry to understand innovations that have the potential to transform future business and create long-term value.

Internet of Things, Blockchain, Artificial Intelligence, Machine Learning, Augmented Reality, Biotechnology and Digital Health top the list. A similar list from the World Economic Forum added next-generation batteries, organ-on-chips, self-driving vehicles and renewable energy.

The global investment community has been following these innovations and technologies for some time. As a result, DIF created an Innovative Investments Department in 2006 to explore alternative investment strategies in new sectors offering cutting-edge innovation and Richard Malone, previously the Leading Innovation Specialist at Evo Innovative Technologies, was appointed head of this new department.

DIF invested in global tech giants like Google, Sony, Nvidia and Amazon, Cisco, Salesforce, SAP, Adobe Corporations, Facebook between 2006 and 2015.

In 2016, DIF also launched an Artificial Intelligence (AI) Lab in Dubai to explore emerging areas of AI, machine learning and data science.

The results of these investments have given the DIF more space and opportunity to take the next steps in the field of artificial intelligence and innovative technologies.

Current investment sentiment is turning to what

The Consulting Group (BCG) calls these breakthrough innovations in materials science, synthetic biology, carbon capture and quantum computing “deep tech”. Capital investment in deep technology has increased dramatically, from $15 billion in 2016 to $60 billion by 2020. Nearly 75% of this funding is concentrated in the United States, leaving exciting companies in the rest of the world severely underfunded, providing opportunities.

Anticipating these developments, DIF has broadened its scope to include sustainability and make significant investments in renewable and green energy. h5ynbg

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